Post
Topic
Board Securities
Re: Problem with BOURSE forced buyback on Cryptostocks
by
MPOE-PR
on 25/01/2014, 15:33:40 UTC
I have got some background information that issuance of such unregistered "shares" may be frowned upon by French regulator.

This happens to be exactly the wrong way to go about it. Everything bitcoin, including financials, is and will remain unregistered with the fiat world, and unregulated by the fiat world; if it has to come to a war it will, and the fiat world will be burned to a cinder.

Given this, it's kind of immoral to go "we'll do our own stuff except if we blow up we expect you to spend time and resources to fix it for us". Things don't work that way in any sane system.

The old GPG contracts article explains it in detail: you've got to do due diligence before you act, rather than after. You knew cryptostocks wasn't a venue. By simple fact that this shit listed there you'd know it's a scam. If it weren't it'd have listed on MPEx. Who are the people involved? Nobody? That means it's a scam. Whether they have two arms just like anyone else or not, whether they're nice wives or fathers or transsexuals, whether they mean to or not. What they do will be a scam.

That's what happens specifically because they have no control over the results of their actions, and that's because they have neither the intelligence to understand what they should be doing nor the experience of having done what they were supposed to do.

Some kid declaring "math is stupid" has not therefore resolved the problem of his having to learn math, just like some kid proclaiming MPOE-PR is evil has not therefore resolved the problem of having to do exactly (and well) everything I say he has to do.

It's just how the world works, and there are no exceptions.